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Watch for Jm Smucker Co to Potentially Rebound After Falling 1.15% Yesterday

By Amy Schwartz

Jm Smucker Co (NYSE:SJM) traded in a range yesterday that spanned from a low of $107.40 to a high of $108.67. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $107.97 on volume of 198,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Jm Smucker Co share prices have moved between a 52-week high of $128.43 and a 52-week low of $99.54 and are now trading 9% above that low price at $108.18 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 0.20% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Jm Smucker Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Jm Smucker Co in search of a potential trend change.

Keywords: rebounders jm smucker co

Ticker(s): SJM